All borrowers file bankruptcy Chapter 12 or 13

Bankruptcy

All borrowers file bankruptcy Chapter 12 or 13

Credit Bureau Extract Metro 2 Format users.

The following table describes events, user processes, and LeasePak reporting specific to this bankruptcy scenario. Refer to the Bankruptcy overview for instructions on managing accounts and clients in bankruptcy.

Event	LeasePak User Process	Result
All clients on the account file bankruptcy Chapter 12 or 13.	Set chapter 'Chapter 12' or 'Chapter 13' and stage 'Petitioned' for all clients.	LP will report CII as C or D, then freeze values for Account Status and Amount Past Due, set DOFD to filing date (if (blank) or (NULL)) and freeze, and begin reporting PHP as D.
Any client has their plan confirmed.	Select/check "Plan confirmed".	LP will report Amount Past Due as 0. Frozen values will remain frozen. If the User has adjusted any values to conform to the plan, only those values other than Amount Past Due or those frozen will be reported as adjusted.
One client has bankruptcy discharged; other do not.	Set stage 'Discharged' for affected client.	LP will report G or H and Amount Past Due as 0 for that client, then cease reporting that client on affected account(s). Values will remain frozen.
All clients have bankruptcy discharged.	Set stage 'Discharged' for all clients.	LP will report G or H and Amount Past Due as 0 for each client as they are discharged. Once last client on account is discharged and reported, LP will cease reporting that account. Values will remain frozen.
Any client on account has bankruptcy dismissed or withdrawn.	Set stage 'Dismissed' or 'Withdrawn' for affected client.	LP will report dismissal (K or L) or withdrawal (O or P), then report that client as terminated from the account with ECOA set to T.
Remaining bankruptcy clients have bankruptcy discharged; non-bankruptcy clients previously reported as terminated still exist for account.	Set stage 'Discharged' for remaining bankruptcy clients.	LP will report G or H and Amount Past Due as 0 for each client as they are discharged. Once last client on account is discharged, LP will, for the current reporting period, restore non-bankruptcy clients to account with ECOA set to 1, 2, 5, or W. For the next reporting period, LP will cease reporting PHP as D. Values will remain frozen.